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KTFA: MILITIAMAN UPDATE , 24 JAN DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

KTFA: MILITIAMAN UPDATE , 24 JAN

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KTFA: MILITIAMAN UPDATE , 24 JAN Empty KTFA: MILITIAMAN UPDATE , 24 JAN

Post by Ponee Sun Jan 24, 2021 9:24 pm

 KTFA:
MilitiaMan:  ARAB ACCOUNTING DINAR EXCHANGE RATES The Arab Accounting Dinar (AAD) is the official and reporting currency of the Arab Monetary Fund. Its exchange rates are fixed by the Arab Monetary Fund (AMF) equivalent to three units of Special Drawing Rights (SDR) as determined by the International Monetary Fund (IMF). 


Now pay attention to the expression mentioned in the SDR. Those that think .69 is the rate may need to think about the expression used to define the value. Keep in mind the USA and UK hold the lions share of IQD outside Iraq. My view is the AMF / SDR is going to be similar to the USD and UK expression... Take a look. imo ~ MM…..


https://www.imf.org/external/np/fin/data/rms_sdrv.aspx?Month=01&Day=05&Year=2021&submit=Submit&cid=em-COM-123-42482
 
MilitiaMan:  On the surface the math looks to be on the low side, but, if we consider the way they express the value per unit and what the regional neighbors use we can see the expression is more likely to be along the lines of the AMF, USD and BP.. imo…..  


Think about what we talked about yesterday. They told us the value in May of 2020 was 682 Dinars to the Dollar. Look at the expression of the USD to the SDR. Drop 3 zeros off 682 you get .682. Similar to the expression of the USD .69 which is $1.44. Drop three zeros off 1460 you get 1.46... See the similarity? 


The IMF forced Iraq to go from 1190 to 1460 for a reason. To be in sync imo..This looks very supported by that expression..…… Now we watch the 2021 Budget, the HCL and Taxation come payday..imo Electronic transactions are being done they told us too yesterday.. Frank suggests the budget will be in billions. That will need NSCNs imo….MM


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 Friday, January 22, 2021 Currency Unit Currency amount under Rule O-1 Exchange rate 1 U.S. dollar equivalent Percent change in exchange rate against U.S. dollar from previous calculation Chinese yuan 1.0174 6.49120 0.156735 -0.443 Euro 0.38671 1.21785 0.470955 0.288 Japanese yen 11.900 103.68500 0.114771 -0.265 U.K. pound 0.085946 1.36685 0.117475 -0.361 U.S. dollar 0.58252 1.00000 0.582520 1.442456 U.S.$1.00 = SDR 0.693262 2 0.005 3 SDR1 = US$ 1.442460 4 Footnotes 1 The exchange rates for the Japanese yen and the Chinese renminbi are expressed in terms of currency units per U.S. dollar; other rates are expressed as U.S. dollars per currency unit. Chinese renminbi refers to the name of the currency, while Chinese yuan refers to the currency unit. 2 IMF Rule O-2(a) defines the value of the U.S. dollar in terms of the SDR as the reciprocal of the sum of the equivalents in U.S. dollars of the amounts of the currencies in the SDR basket. Under current IMF procedures, each U.S. dollar equivalent is calculated on the basis of the mid-market rates, as provided to the IMF by the Bank of England, based on spot exchange rates observed at around noon London time (see Bank of England website); the value of the U.S. dollar in terms of the SDR is rounded to six significant digits. The Federal Reserve Bank of New York and the European Central Bank serve as backup providers for these exchange rates. For further details see Method of Collecting Exchange Rates for the Calculation of the Value of the SDR for the Purposes of Rule O-2(a). 3 Percent change from previous calculation. 4 The reciprocal of the value of the U.S dollar in terms of the SDR, rounded to six significant digits…..


MilitiaMan:  Key point.. "U.S.$1.00 = SDR 0.693262 2 0.005 3 SDR1 = US$ 1.442460 "….MM


Puts it in perspective… Think about what we talked about yesterday. They told us the value in May of 2020 was 682 Dinars to the Dollar. Look at the expression of the USD to the SDR. Drop 3 zeros off 682 you get .682. Similar to the expression of the USD .69 which is $1.44. Drop three zeros off 1460 you get 1.46... See the similarity? The IMF forced Iraq to go from 1190 to 1460 for a reason. To be in sync imo..This looks very supported by that expression.. imo ~ MM……….


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Sumaisem: America will not pump dollars into Iraq, and dealings will be in the digital currency .. and Baghdad is forced to comply with the recommendations of the international monetary 27th December, 2020"


MilitiaMan:  FORCED to devalue to 1460... Then think FORCE means they had to get in sync with the region. They are once they delete the zeros.. imo.. So there by they were forced into it, which means they have no choice but to RI.. imo


 "the budget bill will be approved next week." That is effectively 24th... As it was written on the 17th.. imo..MM
Commissions The Finance Committee is important Parliamentary Finance hosts the Secretary General of the Council of Ministers regarding the 2021 budget 01/23/202101/23/2021 36 Views Hosted the Finance Committee headed by Deputy Dr. Haitham Al-Jubouri, Chairman of the Committee, and the presence of its members, on Saturday 01/23/2021, Secretary General of the Council of Ministers, Mr. Hamid Al-Ghazi and his accompanying delegation within its series of meetings to discuss the draft federal budget bill for the year 2021. At the beginning of the meeting, the Finance Committee discussed with the Cabinet Secretariat a number of files related to the 2021 budget, the legal notes recorded by the committee in it, as well as the file for building schools and the reason for referring them to the General Secretariat and the compensation file for the liberated areas. The interventions of the members of the Finance Committee focused on the secretariat and follow-up programs with the Communication Group to support the Iraqi economy, which includes the countries of the European Union, the Group of Seven, the International Monetary Fund and the World Bank, in conjunction with the Finance Committee, which held many meetings and reached agreements regarding support for Iraq significantly. For his part, the Secretary-General of the Council of Ministers provided an explanation regarding the secretariat’s budget allocations and projects, the problems that hinder a number of projects, the administrative and financial obstacles, and the solutions it will take in this regard. Media Department Parliament January 23, 2021….


" The interventions of the members of the Finance Committee focused on the secretariat and follow-up programs with the Communication Group to support the Iraqi economy, which includes the countries of the European Union, the Group of Seven, the International Monetary Fund and the World Bank, in conjunction with the Finance Committee, which held many meetings and reached agreements regarding support for Iraq significantly."


MilitiaMan:  they were forced to go to 1460.. Look who is involved besides the IMF.. Wow….MM


 ***********


Presidency , the first deputy is important Al-Kaabi calls for activating the role of investment and the private sector in the budget .. Al-Kaabi stresses the need to revitalize the financial and banking sectors in order to contribute to overcoming the current economic crisis. 01/23/202101/23/2021 25 Views Hassan Karim Al Kaabi, First Deputy Speaker of Parliament, called for activating the role of investment and the private sector, both industrial and agricultural, in the draft federal budget law for 2021, stressing the need to expedite the drawing up of a common vision between the executive authority and the private sector, considering that the latter is the real partner to activate the economy and bypass The current financial crisis. This came during his chairing, today, Saturday, January 23, 2021, a meeting of the Parliamentary Finance Committee, with the participation of the Investment and Economy, Oil and Energy Committees, and the Agriculture Committee, to discuss the draft Federal Budget Law 2021 in the presence of members of the private sector and a group of academics and specialists. Al-Kaabi stressed the need for the financial and banking sectors to have a greater role in the process of revitalizing the private sector and in a way that contributes to overcoming the current economic crisis, noting the importance of forming a direct channel between the government, the private sector and investors to exchange ideas and develop plans, programs and common visions in a way that contributes to supporting the development wheel in the country. .  The First Deputy indicated that the House of Representatives will be strongly and supportive by issuing legislation that contributes to revitalizing the private sector as it is the main partner for building and developing the state, stressing that the legislative authority will assume the responsibility of discussing and amending any legislation that does not serve the plans of upgrading the private sector. The Media Office of the First Deputy Speaker of Parliament 1/23/2021.


"Al-Kaabi calls for activating the role of investment and the private sector in the budget "


Private sector..   "Hassan Karim Al Kaabi, First Deputy Speaker of Parliament, called for activating the role of investment and the private sector, both industrial and agricultural, in the draft federal budget law for 2021, stressing the need to expedite the drawing up of a common vision between the executive authority and the private sector, considering that the latter is the real partner to activate the economy and bypass The current financial crisis. This came during his chairing, today, Saturday, January 23, 2021, a meeting of the Parliamentary Finance Committee, with the participation of the Investment and Economy, Oil and Energy Committees, and the Agriculture Committee, to discuss the draft Federal Budget Law 2021 in the presence of members of the private sector and a group of academics and specialists."


 *************


During his visit to the Notary Department in Diyala Governorate During his visit to the Notary Department in Diyala Governorate The Minister of Justice calls for unification of his work and concerted efforts in a coherent and integrated manner to achieve the objectives of the Ministry 2021-01-21 10:53:00 His Excellency the Minister of Justice, Judge Salar Abdul Sattar Muhammad, called today, Thursday, to unify his work and join efforts in a coherent and integrated manner to achieve the objectives of the ministry, which is concerned with providing the best services to citizens, as well as working to achieve their legitimate demands in accordance with the law. Justice in Baquba , accompanied by His Excellency the Minister of communications Staff Shehab Ahmed al - Shaibani, for the circuit conditions and stand on the most important needs, and in the presence of Director General of the book circle reverse professor Rusty Youssef Hamid. the visit included His Excellency the Minister met with a number of citizens from the auditors department where he heard During it, he referred to their complaints, and directed the necessity to facilitate their mission and not to obstruct it and to simplify the procedures for their transactions in accordance with the instructions and legal controls in force. His Excellency directed not to delay any promotion or bonus for employees and raise them immediately in accordance with the followed fundamental procedures, stressing at the same time the necessity of following them up by directors of departments without any delay……


" His Excellency the Minister met with a number of citizens from the auditors department where he heard During it, he referred to their complaints, and directed the necessity to facilitate their mission and not to obstruct it and to simplify the procedures for their transactions in accordance with the instructions and legal controls in force. "………


MilitiaMan:  The latter was on the 21st.. imo


 " Law of accession of the Republic of Iraq to the International Convention on the control of ship systems resistant to sticking impurities and harmful effects of 2001 01/23/202101/23/2021 223 Views Supervising Committees: The Foreign Relations Committee Law of accession of the Republic of Iraq to the International Convention on the control of ship systems resistant to sticking impurities and harmful effects of 200"……….

MiitiaMan:  International Convention with Shipping... WOW... Getting real folks getting very real.. Thank you SB!!! Nice mail today.. lol…..


 They moved the Meeting with HOR to Tuesday... CBI GOV is to be in the hot seat Wednesday.. Go figure.. Ceremonial? We shall see. I have a strong feeling being forced to devalue and get in sync with the SDR is telling us they are at the final stage to lift the value.. imo..


 WS told us 3x SDR and they were forced to do so! Wow….MM


In fact the AMF does as well.."ARAB ACCOUNTING DINAR EXCHANGE RATES The Arab Accounting Dinar (AAD) is the official and reporting currency of the Arab Monetary Fund. Its exchange rates are fixed by the Arab Monetary Fund (AMF) equivalent to three units of Special Drawing Rights (SDR) as determined by the International Monetary Fund (IMF)."….


They told us in May the Real Exchange Rate of the IQD was 682. Drop three Zeros off the rate and you get .682. Well the way that is expressed in SDR is 1.460 real close. The reciprocal.!


U.S.$1.00 = SDR 0.693262 2 0.005 3 SDR1 = US$ 1.442460


The key Word is expressed.. "1 The exchange rates for the Japanese yen and the Chinese renminbi are expressed in terms of currency units per U.S. dollar; other rates are expressed as U.S. dollars per currency unit. Chinese renminbi refers to the name of the currency, while Chinese yuan refers to the currency unit. 2 IMF Rule O-2(a) defines the value of the U.S. dollar in terms of the SDR as the reciprocal of the sum of the equivalents in U.S. dollars of the amounts of the currencies in the SDR basket. Under current IMF procedures, each U.S. dollar equivalent is calculated on the basis of the mid-market rates, as provided to the IMF by the Bank of England, based on spot exchange rates observed at around noon London time (see Bank of England website); the value of the U.S. dollar in terms of the SDR is rounded to six significant digits. The Federal Reserve Bank of New York and the European Central Bank serve as backup providers for these exchange rates. For further details see Method of Collecting Exchange Rates for the Calculation of the Value of the SDR for the Purposes of Rule O-2(a). 3 Percent change from previous calculation. 4 The reciprocal of the value of the U.S dollar in terms of the SDR, rounded to six significant digits."


MilitiaMan:  The outcome will offset the devalue big time.. The devalue is to be short lived.. We know that this month is to be RETROACTIVE... KEY WORD THAT TRIGGERED MY VIEW IS "EXPRESSED" They express the value just like the AMF / AAD and related to the USD and BP not they Yen nor the Yuan.. The USA and UK have the lions share of the IQD outside of Iraq.. Yes, but, your missing the key word!! It is how it is expressed. Look at the link and the grids.. They express the value as the reciprocal of the # .682. So, the reciprocal is $1.46 real close. 3xSDR is over $4 imo..  That is why they were forced to devalue! imo They needed to be in line with the IMF.. Notice who supports this and even today!....MilitiaMan 


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MilitiaMan:  it sure looks like the likes of the players today supporting Iraq, have support that this is about over and ready to rock and roll.. imo ~ MM


 The interventions of the members of the Finance Committee focused on the secretariat and follow-up programs with the Communication Group to support the Iraqi economy, which includes the countries of the European Union, the Group of Seven, the International Monetary Fund and the World Bank, in conjunction with the Finance Committee, which held many meetings and reached agreements regarding support for Iraq significantly.


For his part, the Secretary-General of the Council of Ministers provided an explanation regarding the secretariat’s budget allocations and projects, the problems that hinder a number of projects, the administrative and financial obstacles, and the solutions it will take in this regard. Media Department Parliament January 23, 2021"


"Presidency , the first deputy is important Al-Kaabi calls for activating the role of investment and the private sector in the budget .. Al-Kaabi stresses the need to revitalize the financial and banking sectors in order to contribute to overcoming the current economic crisis.


Clare:  AMEN MM!! ...THAT SAYS "CLOSURE" TO ME!  IMO 


DavidR:  This is truly amazing news!

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